An anonymous director reports
BALLARD COMPLETES CROSS-BORDER $250M ATM EQUITY PROGRAM
Ballard Power Systems Inc. has completed an at-the-market equity program announced and entered into on Sept. 1, 2020, raising total gross proceeds of $250-million (U.S.). Since the ATM program was announced, the company has issued a total of 16,450,623 common shares from treasury, including 3,680,690 common shares on the Toronto Stock Exchange and 12,769,933 common shares on the Nasdaq Stock Exchange. The common shares were sold at prevailing market prices at the time of sale, for total gross proceeds of approximately $250-million (U.S.).
Total net proceeds from the ATM program of approximately $245-million (U.S.) will be used for general corporate purposes.
About Ballard Power Systems Inc.
Ballard Power Systems' vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars, forklift trucks and UAVs.
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